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Originally Posted by MalcolmTucker
I have info on all of those somewhere. Might take a few days though.
Anyways, the only private-private arena type scale venue in North America is the sphere in Las Vegas. We will see if the project does well enough to be considered a success. Watch Vici Properties financial reporting over the next 5 years to get an idea.
Even Madison Square Garden receives a 100% tax abatement, worth close to $50 million a year.
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That would be great if you can get it, but no worries if it's too much trouble.
Would be interesting though to compare the Habs sale back then with the Sens sale in 2004 v. the upcoming sale.
EDIT: have it here:
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In 2001, the Molson brewery sold 80.1 percent of their shares of the Montreal Canadiens and the Molson centre to George Gillett for about $275 million.
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Gillett decided to take the offer of the Molson family a couple of days ago (2009). An estimated $550 million represents a great value and great profit for the American businessman.
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I'm assuming this is the 80.1%, and not the full value.
Apparently, hat wasn't the first time Moslon bought, sold and re-bought the Habs:
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The Montreal Canadiens are once again tied to the Molson family. Since 1957, we can trace the ties between the Molsons and the Montreal Canadiens hockey club. That year, the famous Senator Hartland Molson and his brother Thomas bought the Montreal Canadiens and the Canadian Arena Company.
The senator has been seen on television for years in his seat, sitting and holding his cane, watching over just behind the Canadiens' bench.
In 1964, David, William and Peter Molson, who were cousins with the senator and his brother, bought the club for about $5 million.
The Molson brothers sold the club and the Canadian Arena Company in 1971 to the Bronfman family from Montreal for $15 million, and the Bronfman family sold the club to the Molson brewery this time, and only seven years later. The Molson family was once again tied to the club.
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All quotes and info from this article:
https://bleacherreport.com/articles/...ars-of-history
Melnyk in 2003 bough the Senators for $130 million, presumably broken down as $92 million for the club and $38 million for the arena and surrounding lands.
It's unclear if the estimated $1 Billion expected for the Senators is the full valuation, or if it represents 90%, excluding the 10% the Melnyk sisters will retain.
If Andlauer ends up buying the Senators, I'll be watching closely to see how much he'll get once he sells his 20% of the Canadiens. I'm assuming he owns 20% of the team, but not the arena.